If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.Three factors determine whether a lender will offer you a home equity loan. Which of these is the correct combination?The desirability of your neighborhood, your credit rating and your income.Your credit history, your income and the loan-to-value ratio of your home.Your income, your creditworthiness and your outstanding debts.True or false: Home equity loans generally carry closing costs, home equity lines of credit do not.TrueFalseTrue or false. Only the lender has access to your credit reports.TrueFalse-- Updated: April 1, 2006 advertisementRelated Links:Home equity rates March 19HELOCs riskier right nowHome equity rates March 12Related Articles:Home equity rates March 26Use cash for landscapingFed's bold moves
If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.
Three factors determine whether a lender will offer you a home equity loan. Which of these is the correct combination?
True or false: Home equity loans generally carry closing costs, home equity lines of credit do not.
True or false. Only the lender has access to your credit reports.
-- Updated: April 1, 2006
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